TOKYO — Isetan Mitsukoshi released full-year figures in line with the guidance it gave last week as it voiced concern about the "extremely serious" effect of the March earthquake and tsunami on the Japanese economy.
Last week, the department store retailer issued a profit warning, drastically cutting its estimate for the year ended March 31. In line with that guidance, the company said Thursday its full-year net profit came in at 2.64 billion yen, or $30.89 million at average exchange rates for the period, compared with a loss the year before.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"